The exchange may very well support USDT pairs consists of bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, XRP, bitcoin SV (BSV) and Tron (TRX) by means of leverage between 1 and also 100x when trading starts on Nov. 6, in harmony with a press release issued Mondy.

Cryptocurrency exchange OKEx is to launch a range of cryptocurrency-based futures contracts settled with stablecoin tether (USDT).

The rigid claims its linear futures contracts will be easier as newbie traders to handle, as well as holders do not have to hedge and the margin risk as they may likely with inverse contracts.

“Most of the time, lovers are not willing to hold altcoins as margin, and they also see inverse contracts itself are complex to understand. We see this stepwise contract would be an open cage door to many new retail investors, ” said OKEx’s bank market director, Lennix Lai.

A stablecoin linked ( nor supposed to be ) to go to the U. S. dollar, tether hasn’t yet been trusted as the basis for managed futures contracts, though CoinFLEX announced a similar product in Present cards.

OKEx told it will continue looking into adding more stablecoin-based trading products sometime soon. “We would continue to evaluation and add stablecoin-based derivatives to properly offer a simpler hedging mécanisme for traders who routinely book their profit furthermore loss in USD really love, ” Lai added.

To ensure price fairness across the market, OKEx’s tether futures contracts will be an average of cryptocurrency exchanges Huobi, Coinbase, Bittrex and Binance’s tether spot prices. Contract village will occur daily together with 8: 00 UTC.

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